Snark of the year award… for 2013
Posted by Charles II on January 4, 2013
Sometimes a piece of snark is so good that you know it will be remembered as best-in-class. Now, you must know that there is a site called Shadowstats, written by John Williams, which has been claiming that inflation is running much higher than the government says it is. Not only has the BLS delivered a convincing rebuttal, the claims do not pass the common sense test. They predict, for example, that American incomes fell disastrously during the 1990s (because inflation, Williams says, was very high).
So, in a long, detailed discussion on inflation and why it has not re-appeared during this period of quantitative easing as the inflationistas have predicted, James Hamilton of Econbrowser said this:
I also like Paul Krugman’s suggested inflation measure– the change over time in the dollar price for a one-year subscription to Shadowstats. Six years ago, it would cost you $175 to get a one-year subscription. For 2013, Shadowstats is offering a one year subscription for … $175.
Well, ok. Krugman wins the award, and it was in 2012. But Hamilton gets an assist.
One Response to “Snark of the year award… for 2013”
Sorry, the comment form is closed at this time.